10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2015 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Product revenues | $ 14,667,800 | 14,715,100 | 11,215,200 |
| Service revenues | 2,297,600 | 2,174,500 | 1,875,100 |
| Total revenues | 16,965,400 | 16,889,600 | 13,090,300 |
| Costs and Operating Expenses: | |||
| Cost of product revenues | 7,583,800 | 7,934,700 | 6,309,600 |
| Cost of service revenues | 1,625,700 | 1,462,900 | 1,251,600 |
| Selling, general and administrative expenses | 4,612,100 | 4,896,100 | 3,446,300 |
| Research and development expenses | 692,300 | 691,100 | 395,500 |
| Restructuring and other costs (income), net | 115,300 | (598,200) | 77,700 |
| Total costs and operating expenses | 14,629,200 | 14,386,600 | 11,480,700 |
| Operating Income | 2,336,200 | 2,503,000 | 1,609,600 |
| Other Expense, Net | (399,800) | (415,800) | (290,100) |
| Income from Continuing Operations Before Income Taxes | 1,936,400 | 2,087,200 | 1,319,500 |
| Benefit from (Provision for) Income Taxes | 43,900 | (191,700) | (40,400) |
| Income from Continuing Operations | 1,980,300 | 1,895,500 | 1,279,100 |
| Loss from Discontinued Operations (net of income tax benefit of $2.9, $0.6 and $3.7) | (4,900) | (1,100) | (5,800) |
| Net Income | 1,975,400 | 1,894,400 | 1,273,300 |
| Earnings per Share from Continuing Operations | |||
| Basic (in dollars per share) | 4.97 | 4.76 | 3.55 |
| Diluted (in dollars per share) | 4.93 | 4.71 | 3.50 |
| Earnings per Share | |||
| Basic (in dollars per share) | 4.96 | 4.76 | 3.53 |
| Diluted (in dollars per share) | 4.92 | 4.71 | 3.48 |
| Weighted Average Shares | |||
| Basic (in millions of shares) | 398,700 | 398,200 | 360,300 |
| Diluted (in millions of shares) | 401,900 | 402,300 | 365,800 |
| Cash Dividends Declared per Common Share (in dollars per share) | 0.60 | 0.60 | 0.60 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Comprehensive Income | |||
| Net Income | $ 1,975,400 | 1,894,400 | 1,273,300 |
| Other Comprehensive Items: | |||
| Currency translation adjustment | (706,100) | (1,182,600) | 24,600 |
| Unrealized gains on available-for-sale investments: | |||
| Unrealized holding gains arising during the period (net of tax provision of $0.0, $0.1 and $0.5) | 500 | 1,700 | 1,600 |
| Reclassification adjustment for gains included in net income (net of tax provision of $0.2 and $2.5) | 0 | (1,700) | (8,000) |
| Unrealized gains and losses on hedging instruments: | |||
| Unrealized (losses) gains on hedging instruments (net of tax (benefit) provision of ($5.5) and $3.6) | (9,000) | 0 | 5,800 |
| Reclassification adjustment for losses included in net income (net of tax benefit of $1.5, $1.8 and $2.2) | 3,300 | 3,000 | 3,200 |
| Pension and other postretirement benefit liability adjustments: | |||
| Pension and other postretirement benefit liability adjustments arising during the period (net of tax (benefit) provision of ($5.0), ($26.5) and $20.3) | (9,000) | (52,200) | 38,200 |
| Amortization of net loss and prior service benefit included in net periodic pension cost (net of tax benefit of $2.9, $13.3 and $3.6) | 8,000 | 24,000 | 7,800 |
| Total other comprehensive items | (712,300) | (1,207,800) | 73,200 |
| Comprehensive Income | 1,263,100 | 686,600 | 1,346,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
THERMO FISHER SCIENTIFIC INC. | |||
Ticker: TMO Fiscal Year: 2015 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating Activities | |||
| Net Income | $ 1,975,400 | 1,894,400 | 1,273,300 |
| Loss from discontinued operations | 4,900 | 1,100 | 5,800 |
| Income from continuing operations | 1,980,300 | 1,895,500 | 1,279,100 |
| Adjustments to reconcile income from continuing operations to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,688,200 | 1,684,800 | 999,900 |
| Change in deferred income taxes | (524,800) | (621,800) | (472,800) |
| Net gains on sale of businesses | (7,600) | (895,400) | 0 |
| Non-cash stock-based compensation | 125,000 | 117,100 | 90,900 |
| Tax benefits from stock-based compensation awards | (64,100) | (65,600) | (48,800) |
| Non-cash charges for sale of inventories revalued at the date of acquisition | 6,900 | 303,400 | 23,900 |
| Other non-cash expenses, net | 58,600 | 38,000 | 22,700 |
| Changes in assets and liabilities, excluding the effects of acquisitions and dispositions: | |||
| Accounts receivable | (149,400) | (145,400) | (147,900) |
| Inventories | (140,700) | (109,800) | (72,200) |
| Other assets | (254,300) | 163,100 | 168,700 |
| Accounts payable | (2,700) | 1,200 | 47,000 |
| Other liabilities | 147,700 | 308,400 | 163,300 |
| Contributions to retirement plans | (37,500) | (49,600) | (38,200) |
| Net cash provided by continuing operations | 2,825,600 | 2,623,900 | 2,015,600 |
| Net cash used in discontinued operations | (8,700) | (4,300) | (4,900) |
| Net cash provided by operating activities | 2,816,900 | 2,619,600 | 2,010,700 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (694,600) | (13,060,100) | (11,400) |
| Proceeds from sale of businesses, net of cash divested | 0 | 1,521,800 | 0 |
| Purchase of property, plant and equipment | (422,900) | (427,600) | (282,400) |
| Proceeds from sale of property, plant and equipment | 18,100 | 49,300 | 20,700 |
| Proceeds from sale of investments | 12,000 | 88,600 | 7,600 |
| Decrease in restricted cash | 5,800 | 48,600 | 4,000 |
| Other investing activities, net | (5,800) | (3,300) | (1,800) |
| Net cash used in investing activities | (1,087,400) | (11,782,700) | (263,300) |
| Financing Activities | |||
| Net proceeds from issuance of long-term debt | 1,798,000 | 6,592,300 | 3,167,800 |
| Repayment of long-term obligations | (3,780,200) | (4,429,400) | (1,000) |
| Increase (decrease) in commercial paper, net | 49,500 | (249,900) | 199,900 |
| Decrease in short-term notes payable | 0 | (36,600) | (12,000) |
| Purchases of company common stock | (500,000) | 0 | (89,800) |
| Dividends paid | (240,600) | (234,800) | (216,200) |
| Net proceeds from issuance of company common stock | 0 | 2,942,000 | 0 |
| Net proceeds from issuance of company common stock under employee stock plans | 124,000 | 155,400 | 230,400 |
| Tax benefits from stock-based compensation awards | 64,100 | 65,600 | 48,800 |
| Other financing activities, net | (6,100) | (8,500) | (17,900) |
| Net cash (used in) provided by financing activities | (2,491,300) | 4,796,100 | 3,310,000 |
| Exchange Rate Effect on Cash | (129,600) | (115,500) | (37,000) |
| (Decrease) Increase in Cash and Cash Equivalents | (891,400) | (4,482,500) | 5,020,400 |
| Cash and Cash Equivalents at Beginning of Period | 1,343,500 | 5,826,000 | |
| Cash and Cash Equivalents at End of Period | 452,100 | 1,343,500 | 5,826,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
THERMO FISHER SCIENTIFIC INC. | ||
Ticker: TMO Fiscal Year: 2015 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 452,100 | 1,343,500 |
| Accounts receivable, less allowances of $70.1 and $74.1 | 2,544,900 | 2,473,600 |
| Inventories | 1,991,700 | 1,859,500 |
| Deferred tax assets | 0 | 303,300 |
| Other current assets | 752,500 | 559,900 |
| Total current assets | 5,741,200 | 6,539,800 |
| Property, Plant and Equipment, Net | 2,448,800 | 2,426,500 |
| Acquisition-related Intangible Assets, Net | 12,758,300 | 14,110,100 |
| Other Assets | 1,113,100 | 933,100 |
| Goodwill | 18,827,600 | 18,842,600 |
| Total Assets | 40,889,000 | 42,852,100 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities: | ||
| Short-term obligations and current maturities of long-term obligations | 1,052,800 | 2,212,400 |
| Accounts payable | 822,200 | 820,700 |
| Accrued payroll and employee benefits | 598,200 | 668,900 |
| Accrued income taxes | 212,500 | 165,100 |
| Deferred revenue | 317,900 | 311,900 |
| Other accrued expenses | 1,143,700 | 1,170,800 |
| Total current liabilities | 4,147,300 | 5,349,800 |
| Deferred Income Taxes | 2,622,600 | 3,430,700 |
| Other Long-term Liabilities | 1,295,000 | 1,171,900 |
| Long-term Obligations | 11,473,900 | 12,351,600 |
| Commitments and Contingencies | ||
| Shareholders' Equity: | ||
| Preferred stock, $100 par value, 50,000 shares authorized; none issued | ||
| Common stock, $1 par value, 1,200,000,000 shares authorized; 411,944,301 and 408,461,670 shares issued | 411,900 | 408,500 |
| Capital in excess of par value | 11,801,200 | 11,473,600 |
| Retained earnings | 12,142,300 | 10,406,900 |
| Treasury stock at cost, 12,314,200 and 7,991,782 shares | (1,007,900) | (455,900) |
| Accumulated other comprehensive items | (1,997,300) | (1,285,000) |
| Total shareholders' equity | 21,350,200 | 20,548,100 |
| Total Liabilities and Shareholders' Equity | 40,889,000 | 42,852,100 |
| External Links | |
| THERMO FISHER SCIENTIFIC INC. (TMO) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |